LCS unit nav in realtime @ $16.93So LCS right now is flat since the last update on thursday, but with 2 of the 4 lifecos up and GWO close to being green, LCS UNIT NAV is NOT suffering as much as the mainly banks split funds.
Interest rate cuts tomorrow going to be a negative for the CAD, the question is how negative, and whether the banks see any relief from the selling the past few days.
Lifecos will not see a major impact from one small interest rate cut in Canada, as they will invest where they can get the best return. They may pull some investments out of Canada ... as will many other investment companies. There is a double edged knife to cutting rates. One side will help underwater debt, the other side will push or prevent investment $$ in Canada.